Is Memorial Expensive?

Houston, United States

+18% vs Houston avg

Living in Memorial, Houston

Memorial is one of the pricier neighborhoods in Houston, with a cost of living index of 71.0 — that is +18% compared to the Houston average. It ranks #5 out of 24 areas by cost. Estimated rent for a one-bedroom apartment here is around $1,888/month, compared to a range of $1,152 in Pasadena (TX) to $2,160 in River Oaks.

Monthly Budget Breakdown

For a typical resident of Memorial, housing takes up roughly 53% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $75,520 before tax.

Typical Salaries in Memorial

Salaries in Memorial reflect the local cost of living. Based on the neighborhood COLI of 71.0:

After tax and deductions of 20.4% in United States, take-home pay for someone earning $75,520 would be roughly $60,114/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

71.0
COLI Index
1.18x
vs City Avg
$1,888
Est. 1BR Rent
#5
of 24 Areas
20.4%
Total Deductions

Tax & Deductions in Memorial

Estimated annual deductions on a $53,250 salary in Memorial, Houston (local employee).

Income Tax
13%
Social Security + Medicare (FICA)
7.6%
Total Deductions: 20.4%
Est. Take-Home: $42,408/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Memorial would need to be elsewhere:

City Currency Equivalent
New York USD $53,250
London GBP £45,826
Dubai AED AED 266,452

Other Neighborhoods in Houston

Neighborhood COLI Multiplier vs Avg
River Oaks 81.3 1.35x +35%
Tanglewood 75.2 1.25x +25%
West University Place 73.4 1.22x +22%
Downtown 71.0 1.18x +18%
The Heights 69.2 1.15x +15%

View all 24 neighborhoods in Houston →

Convert Your Salary

See exactly what you need to earn in Memorial, Houston to maintain your lifestyle.

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Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Memorial:

Eira, Helsinki Washington Park, Denver Sloan Lake, Denver Waterfront (St. Pete), Tampa Claremont, Perth Poncey-Highland, Atlanta

Frequently Asked Questions

Is Memorial expensive in Houston?

Yes, Memorial is one of the more expensive neighborhoods in Houston. It costs about +18% more than the city average, ranking #5 out of 24 neighborhoods.

How does Memorial compare to the Houston average?

The cost of living in Memorial is above the Houston average. With a multiplier of 1.18x, everyday expenses including rent, food, and transportation are +18% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include U.S. Bureau of Labor Statistics · U.S. Census Bureau · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.